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iragen [17]
3 years ago
8

When supply goes up, price goes down and when price goes up, supply goes down. Products are elastic if price has a large impact

on supply, they are inelastic if supply remains relatively constant due to fluctuations in price. This is call Answer: Demand of Supply Elasticity of Supply Neither
Business
1 answer:
miss Akunina [59]3 years ago
8 0

Answer:

A higher equilibrium price

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_____ is(are) a group of people's way of life in thinking, art, language and traditions values culture ethics morals
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This would be Nonmaterial Culture as it means a group's ways of thinking (including its beliefs, values, and other assumptions about the world) and doing (its common patterns of behavior, including language and other forms of interaction) this is also called symbolic culture.
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To decrease buyer power, the firm can a.​Differentiate its product b.​Decrease dependency on a single buyer c.​Sell its pr
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3 0
4 years ago
The first thing you should do when you see your customer/client is outline the plan for the session.
Sonbull [250]

The statement "the first thing you should do when you see your customer/client outlines the plan for the session." is False

This is further explained below.

<h3>What is the plan?</h3>

Generally, The terms plan, plan, plot, scheme, and project all refer to an organized strategy for producing something, carrying out an activity, or accomplishing a goal.

A plan always involves mental development and sometimes the depiction of ideas visually.

House design plans typically imply the presence of a specific pattern as well as some level of order or harmony that has been attained.

In conclusion, The assertion that "outlining the strategy for the session is the first thing you should do when you visit your customer or client" is not accurate.

Read more about the client

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6 0
2 years ago
MIT economist Jerry Housman has estimated the price elasticity of demand for Post Raisin Bran cereal to be -2.5 and the price el
Diano4ka-milaya [45]

Answer:

The demand for Post Raisin Brand cereal is: ELASTIC  

the demand for all types of breakfast cereals is: INELASTIC

Explanation:

To calculate the price elasticity of demand (PED) we can use the following formula:

PED = % change in quantity / % change in price

  • If PED > 1, the demand is price elastic
  • If PED = 1, the demand is price unitary
  • If PED < 1, the demand is price inelastic

*The PED always results in a negative number, e.g. price deceases, quantity increases, but for practical reasons we convert the negative number into a positive (we use absolute values) when we are determining the elasticity.

5 0
4 years ago
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